Tabreed Commits to Invest Rs 1,600 Crore in Telangana, Says KTR:
On Wednesday, Information Technology Minister K.T. Rama Rao held meetings with prominent business leaders in Dubai and reached agreements with Dubai-based companies to establish their business units in Telangana.
Simultaneously, the Telangana state government has joined forces with Tabreed, a prominent cooling utility company, to enhance cooling infrastructure in industrial parks, including Hyderabad Pharma City.
Over time, Tabreed is set to invest Rs 1,600 crore in the state, developing 125,000 refrigeration tons (RT) of district cooling plants and networks, with an investment of up to $200 million. This initiative will offer sustainable long-term cooling services through a utility cooling-as-a-service model for the cooling and storage needs of industrial facilities.
The government has signed an MoU with Tabreed to explore district cooling infrastructure in existing and upcoming commercial districts in Cyberabad and other mixed-use development areas. This initiative has the potential to reduce over 200 MW of peak electricity demand annually, resulting in an annual reduction of 18 million tonnes of CO2 emissions over a 30-year period. It will also help mitigate the heat island effect, further enhancing Hyderabad’s reputation as one of the best cities to live and work in Asia.
Rao expressed, “As we move toward a more sustainable future, we are pleased to collaborate with Tabreed, demonstrating our commitment to environmental stewardship by adopting innovative and actionable solutions. By prioritizing cooling through cool-roof policies and energy-efficient district cooling, we are creating a greener and healthier environment for our communities, significantly contributing to our ambitious goal of making Telangana net-zero by 2047.”
Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, described the partnership with the Telangana government as a significant milestone in sustainable infrastructure development. “We are bringing our expertise in district cooling to the world’s largest net-zero pharmaceutical cluster and the highly advanced industrial zone,” he stated.
During his visit, Rao met Abdul Jabber, Managing Director of Hot Pack, one of the UAE’s largest manufacturers of hygienic disposable and packaging products made from paper, aluminum, foam, and plastics.
The company is planning to expand its operations in India. The minister highlighted Telangana’s investor-friendly policies, making it the preferred destination for foreign investments in India, and invited them to consider establishing their manufacturing operations in the state.
Rao also held discussions with a senior delegation from the UAE-India Business Council (UIBC), led by Faizal Kottikolan, the Founder and Chairman of KEF Holdings.
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